ING Groep (NYSE:ING) Upgraded by Cfra Research to Hold Rating

ING Groep (NYSE:ING - Get Free Report) was upgraded by investment analysts at Cfra Research from a "moderate sell" rating to a "hold" rating in a report released on Tuesday,Zacks.com reports.

Separately, The Goldman Sachs Group upgraded shares of ING Groep from a "neutral" rating to a "buy" rating in a report on Thursday, March 27th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

ING Groep Trading Down 0.6 %

Shares of ING Groep stock opened at $20.12 on Tuesday. ING Groep has a 1-year low of $15.09 and a 1-year high of $20.79. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $70.37 billion, a P/E ratio of 9.40, a P/E/G ratio of 6.42 and a beta of 1.15. The stock's 50 day simple moving average is $19.26 and its 200-day simple moving average is $17.26.

ING Groep (NYSE:ING - Get Free Report) last announced its earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to analysts' expectations of $5.74 billion. ING Groep had a net margin of 28.30% and a return on equity of 11.81%. Analysts predict that ING Groep will post 2.14 EPS for the current fiscal year.

Institutional Trading of ING Groep

Hedge funds and other institutional investors have recently modified their holdings of the business. Roxbury Financial LLC bought a new position in ING Groep during the fourth quarter worth $25,000. Legacy Advisors LLC acquired a new position in shares of ING Groep during the first quarter valued at $28,000. Brooklyn Investment Group raised its stake in shares of ING Groep by 184.8% during the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 1,207 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of ING Groep by 135.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,586 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 912 shares during the period. Finally, Redwood Investments LLC acquired a new stake in shares of ING Groep in the fourth quarter valued at $41,000. 4.49% of the stock is owned by hedge funds and other institutional investors.

About ING Groep

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.

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